Wasaga Beach 2016 Real Estate Sales Figures; June Update

Only 78 Homes Sold In June 🙂

Sales To Listing Ratio Only 87% 🙂ID-100266686-2

Joking aside the Wasaga Beach Real Estate Market is in completely unknown waters at the moment.

2 factors seem to be driving the market”

  1. Out of town buyers.
  2. Lack of homes for sale.

With the low inventory and larger number of buyers there is a “prefect storm” for home sellers.

It is noticeable that a a significant number of Wasaga Beach residents are not listing as they can’t find anything to buy. This keeps the number of homes for sale down.

With people cashing in on their GTA homes and the baby Boomers hitting the market there is unprescidented competition for any listings. Hence the 87% sales to listing ratio in June.

Prices are moving aggressively upwards with the demand and multiple offers are quite common.

I can only repeat that now is the time to sell and if you want to buy be prepared to act fast.

The key figures for June 2016 in Wasaga Beach are below.

They should be studied if buying or selling a home and discussed with your REALTOR®.

Key figures for June:

78 homes sold.

90 new listings.

Sales to listing ratio 87%

98.64% of listing price achieved.

Average days on market 42.

Year To Date:

362 homes sold.

489 new listings.

Sales to listing ratio 74%

98.39% of listing price achieved.

Average days on market 47.

Average Sale Price June 2015 -June 2016 $327,868.

Average Sale Price June 2014 -June 2015 $299,349.

 

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The above statistical results are from the MLS® System of the South Georgian Bay Association of REALTORS® for the sale of single family homes.

Image courtesy of Stuart Miles at FreeDigitalPhotos.net